
Chile’s central bank surprises markets with ‘out of the blue’ rate cut

The Central Bank of Chile surprised markets on June 7 by cutting the policy rate by 50 basis points to 2.5% on lower growth and commodity prices.
Rate-setters think “the economy has not recovered enough to close the activity gap and boost inflation”. Therefore, the board unanimously “deemed [it] necessary to recalibrate the monetary impulse”, said the policy statement.
The move surprised markets and analysts, as it sharply interrupted the policy normalisation started by the central bank in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com